Recommendation

Want to access this article for free?

What goes around comes around, apparently. And Coles Group came around again yesterday, re-listing on the ASX almost 11 years to the day after the Wesfarmers takeover. Unlike 2007, this version of Coles Group doesn’t come with ownership of department store chains Kmart and Target, though, which have remained with Wesfarmers.

If you’re a Wesfarmers shareholder, you might have been surprised by the 28% decline in the share price yesterday. Don’t be. It simply reflects the demerger of Coles, which means the total value is now split between two separately listed companies. For every...

Dear InvestSMART. Could you please tell me what the cost base is for the COL shares allocated from WES please? What would that make the cost base for WES afterwards please? Thank you Maureen InvestSMART member

InvestSMART Publishing Pty Ltd holds Australian Financial Securities Licence (AFSL) 282288.
The content of this website is general in nature and does not take the personal situation of any user of this website into consideration.
A user of this website should seek financial advice specific to that user’s situation before making any financial decision.
Past performance of any security or financial product is not a reliable indicator of future performance. InvestSMART Publishing Pty Ltd
encourages users of this website to view investing as a long-term pursuit.